Michael Jackson?s O2 shows insurer refuses to pay out

The insurer for Michael Jackson’s doomed O2 Arena concerts is refusing to payout, the NME has reported.

Insurer Lloyd of London has been charged with the payout of up to £10.7 million, as a result of the series of shows Jackson was scheduled to perform before his death. The fee was set to cover a cancellation or non-appearance policy taken out by promoter AEG Live.

Lloyds is insisting that AEG failed to provide details including “prescription drug use/and or addiction,” according to BBC News. AEG Live are yet to respond to the suit.

The insurer is also claiming that a lawyer for the promoter submitted a claim within days of the singer’s passing, along with his death certificate. They claim that when the policy was taken out a required medical examination was not carried out. Furthermore, they argue that they were denied information when they approached AEG about Jackson’s doctor, Conrad Murray.

Lloyds insist that for these reasons they should no longer be obliged to pay for the cos of the cancellations.